12 Best Low Risk High Growth Stocks to Invest In

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2. PDD Holdings Inc. (NASDAQ:PDD)

Number of Hedge Fund Holders: 78 

PDD Holdings Inc. (NASDAQ:PDD) operates as a multinational commerce group that owns and operates a portfolio of businesses. The company’s earnings for the third quarter of 2024 reflect strong financial growth, with total revenues of $14,157.9 million, a 44% increase from the same quarter last year. Operating profit for the quarter was $3,461.6 million, a 46% increase from the same quarter of 2023, which demonstrates the efficient conversion of higher sales into stronger bottom-line performance. CNBC reported in December of the prior year that the company’s impressive revenue and earnings growth is driven by its discount e-commerce platform Temu, which is among the most downloaded apps among Gen Z users in the US.

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